Hi, could you please advise about taxation rates if I rent out my house? I am not employed and do not have any other taxable income. My house would be rented out for R58,000 gross per month and I would receive R47,000 net after paying
Mr. Naidoo needed to know if his plans to sell his current home to his family trust and buy a second, or new, primary residence was financially sound and clever from a tax perspective. Read #AskaTaxman’s response here.
This is his follow up question.
Just thinking through
Hi, my primary residence for the last 17 years was acquired for R400,000. I have spent another R100,000 on improvements but do not have invoices. The municipal valuation is about R1,5m currently, and I have no mortgage bond on the property.
I plan to acquire another
Hi, my question relates to the claims against rental income article published previously. We were told by our tax guy that we could not claim back expenses such as levies, rates and taxes and gardening service. Therefore, in the last tax year we had to
In recent weeks my practice has had some queries regarding medical deductions and what deductions are allowed to be claimed especially regarding expenses for dependents and dependents with disabilities
Some definitions as quoted in the Income Tax Act of 1962 are shown below for further clarity
Hi, I was self-employed but recently took up employment. I have a rental property in another province from which I earn a small income. Can you please explain what deductions I will be able to claim on this income? Thank you - Riaan
Hi Riaan, You
Hi, please advise me, I feel that I need to change my Will. I have two sons, their father and I have been divorced for many years, we do not have any grand children at this stage. I unfortunately have no contact with my eldest
Hi, after raising our children I went back to work for a while but realised that I was no longer suited to the corporate lifestyle. I was fortunate in that my husband was in the position to take care of our family with his income